UBS Maintains a 'Neutral' on Duke Energy (DUK); Beats, but...
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Price: $123.92 +0.42%
Rating Summary:
16 Buy, 17 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
16 Buy, 17 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on Duke Energy (NYSE: DUK), PT raised from $18 to $19.
UBS analyst says, "EBIT was largely unchanged driven to the positive by higher international contributions (arbitration awards, contract pricing and F/X) but largely offset by Ohio customer switching, unfavorable weather and higher O&M at the core franchise. The combination of lower “other EBIT” and higher interest income also helped the YoY comparisons. Importantly, a lower e.ffective tax rate of 31% in 1Q11 vs. 34% in 1Q10 helped by about a penny and a half."
"Key investor focus areas - (1) Update on pending merger with Progress Energy; (2) status report on Edwardsport rehearing and pending ethics investigation; (3) customer switching update in Ohio and regulatory filing update(s); (4) timing of North Carolina rate case filing; (5) environmental compliance spending; (6) additional color on the recently announced joint venture with American Transmission Company.
For more ratings news on Duke Energy click here and for the rating history of Duke Energy click here.
Shares of Duke Energy closed at $18.78 yesterday.
UBS analyst says, "EBIT was largely unchanged driven to the positive by higher international contributions (arbitration awards, contract pricing and F/X) but largely offset by Ohio customer switching, unfavorable weather and higher O&M at the core franchise. The combination of lower “other EBIT” and higher interest income also helped the YoY comparisons. Importantly, a lower e.ffective tax rate of 31% in 1Q11 vs. 34% in 1Q10 helped by about a penny and a half."
"Key investor focus areas - (1) Update on pending merger with Progress Energy; (2) status report on Edwardsport rehearing and pending ethics investigation; (3) customer switching update in Ohio and regulatory filing update(s); (4) timing of North Carolina rate case filing; (5) environmental compliance spending; (6) additional color on the recently announced joint venture with American Transmission Company.
For more ratings news on Duke Energy click here and for the rating history of Duke Energy click here.
Shares of Duke Energy closed at $18.78 yesterday.
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